AUDJPY is trading in a rising wedge after making it bottom. It is also trading on channel patterns within the rising wedge pattern, as you can see in the chart. Considering these patterns, AUDJPY might show upside movement towards the resistance1. If it breaks out from the rising wedge upside, we might see target2 as resistance2.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.